Two-Unit Duplex with
For Sale
$159,000
40 Condon Ave, Buffalo, NY 14207
Vinyl-sided duplex with full basement storage and a private backyard.
Property Size1,397 SF
Price / SF$113.82
Days on Market59
Property Features for 40 Condon Ave
General Information
Standard status
Active
Size
1,397 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
full basement
private backyard
Building Details
Year Built
1920
Buildings
1
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Emmanuel Williams · License #10301217766
(716) 430-2091
Source:
Thejoshjamesteam
Added: Aug 19
Changed: Oct 9
Last Checked: Oct 7 at 12:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WNY Metro Roberts Realty
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Investment Insights
Based on property information with market context.
This duplex contains two residential units, each arranged with 2 bedrooms and 1 full bathroom. The building has a vinyl exterior, full basement storage, and a private backyard. Constructed in 1920, the property offers a straightforward two-unit configuration with separate living spaces within one building.
The property is located near shopping, public transportation, schools, and parks. Its combination of two-bedroom units, basement storage, and outdoor space provides a practical residential income property format.
The property is located near shopping, public transportation, schools, and parks. Its combination of two-bedroom units, basement storage, and outdoor space provides a practical residential income property format.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- 1,397 square feet of property size
- Full basement provides additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,862
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,240
$277.2K
Cap Rate 7%
$198,029
$198.0K
Cap Rate 9%
$154,022
$154.0K
Market Conditions
NOI Build-Up for 1,397 SF
Gross rent
$21.0K $15.00/SF
− Vacancy
−$1.2K −$0.83/SF
EGI
$19.8K $14.17/SF
− OpEx
−$5.9K −$4.25/SF
NOI
$13.9K $9.92/SF
Area
Buffalo, NY
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,240
Cap Rate 7%
$198,029
Cap Rate 9%
$154,022
Alternative Uses
Best Use
Multifamily LT 5
$198.0K
$173.3K – $231.0K
NOI $13,862 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$182.4K
$159.6K – $212.8K
NOI $12,768 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$336.0K
$294.0K – $392.0K
NOI $23,517 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
Business Placement
Demographics for 14207, NY
26,006
Population
11,317
Households
2.3
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
6,668
Density / Sq Mi
$38,951
Median Household Income
$33,851
Median Earnings
$943
Median Rent
$111,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vinyl-sided duplex with full basement storage and a private backyard.
Where is this duplex located?
The property is located at 40 Condon Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; 1,397 square feet of property size; Full basement provides additional storage
